Finance

Thursday, 05 September 2024 4 Min Read

CES Recognized as a Niche Player in 2024 Gartner® Magic Quadrant™ for Finance & Accounting Business Process Outsourcing

HYDERABAD, India, Sept. 5, 2024 -- CES Limited, a global leader in Technology and Business Process Modernization services, is proud to announce its recognition as a Niche Player in the 2024 Gartner® Magic Quadrant™ for Finance & Accounting Business Process Outsourcing (F&A BPO).CES believes this acknowledgment underscores the company's focused expertise in delivering bespoke financial solutions, particularly to small and midsize businesses (SMBs).

Thursday, 05 September 2024 4 Min Read

HTX Ventures Invest in Vanilla Finance, Building Telegram DeFi Ecosystem

SINGAPORE, Sept. 5, 2024 -- In alignment with its mission to drive innovation and advancement within the blockchain ecosystem, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Vanilla Finance. Vanilla Finance has distinguished itself by allowing users to own Bitcoin at a low cost. It has recently achieved top positions with Scroll and Bitlayer, achieving 3 billion USDT in trading volume and over 500,000 users in the first 60 days.

Wednesday, 04 September 2024 3 Min Read

SMFG India Credit Launches its 1000th Branch; Commemorates Milestone with Special Cover and My Stamp Release

SMFG India Credit Co. Ltd., a prominent player in India’s Non-Banking Financial Company (NBFC) sector, proudly announces the opening of its 1000th branch, located in Vashi, Navi Mumbai. This landmar

Friday, 30 August 2024 3 Min Read

Brand Finance Confirms Yili's Position as World's Most Valuable Dairy Brand for Fifth Consecutive Year

HOHHOT, China, Aug. 30, 2024 -- Yili has been recognized as the world's most valuable dairy brand for the fifth consecutive year, according to Brand Finance's 2024 rankings released on August 20. The rankings are based on a comprehensive evaluation of corporate financials, customer sentiment, and future prospects. Widely recognized for objectivity and professionalism, Brand Finance's rankings are a global benchmark for brand valuation. Yili has held the top spot on Brand Finance's list of the world's top 10 most valuable dairy brands since 2019. Its robust financial performance and commitment to innovation and sustainability have been key factors in its continued dominance. Yili has once again secured its top position in the 2024 rankings.

Thursday, 29 August 2024 4 Min Read

BankersKlub Disrupts Financial Advisory Landscape in India, Launches Innovative Tech-Enabled Aggregator Platform for Corporate Finance Solutions

BankersKlub, an innovative fintech start-up redefining financial advisory with seasoned bankers, announces the launch of its tech-enabled aggregator platform. It facilitates a wide range of strategic

Thursday, 22 August 2024 2 Min Read

WildMon taps Khalil Ghazzawi as Chief Finance Manager as the Eco-Tech Non-Profit Grows

AUSTIN, Texas, Aug. 22, 2024 -- WildMon, a burgeoning provider of AI-powered tools for measuring ecosystem health, proudly announces the appointment of Khalil Ghazzawi as its new Chief Finance Manager, ushering in the next era of charitable financial management at the fast-growing non-profit organization. Chrissy Durkin, Co-Founder, President & Chief Development Officer of WildMon, expressed thrill in re-kindling a longstanding professional partnership with Khalil Ghazzawi — one which began under the leadership of her early-career mentor, Bourhan Yassin.

Wednesday, 21 August 2024 4 Min Read

Krypton India Successfully Hosts 2nd Edition NBFC and Fintech Leadership Awards 2024 at Radisson Blu, Mumbai

Krypton India proudly hosted the 2nd Edition NBFC & Fintech Leadership Awards 2024 recently at Radisson Blu, Mumbai. The event brought together the brightest minds from the NBFC and fintech sectors, c

Wednesday, 21 August 2024 3 Min Read

HDFC Mutual Fund Launches ‘SIP Saheli – a Masterclass’, an Investor Education Initiative to Empower Women Financially

HDFC Mutual Fund, one of India's leading mutual fund house, announces the launch of 'SIP Saheli', an initiative dedicated to empower women through the power of mutual fund investments.

Wednesday, 14 August 2024 2 Min Read

Aavas Financiers Plants Seeds of Change: 4,000 Saplings Distributed Across India

In a significant stride towards environmental sustainability, Aavas Financiers, a leading affordable home loan company, marked World Nature Conservation Day with a massive tree plantation drive. The c

Tuesday, 06 August 2024 2 Min Read

Tradewind Finance Hosts Special Event in Mumbai for Valued Broker Partners

MUMBAI, India, Aug. 6, 2024 -- Tradewind Finance, an international trade finance company which provides solutions to improve cash flow for businesses, was pleased to host a special gathering for their broker and referral network in India in the country's financial capital of Mumbai. The event brought together industry peers from other finance companies, fin-techs, financial advisory firms and credit insurers to support the country's growing export market through export finance, a financial tool that turns receivables into cash and enables business growth as well as smooth cross-border trade.

Thursday, 01 August 2024 6 Min Read

IndoStar Capital Finance Core (VF + HFC) AUM grows 54% and Disbursements 71% YoY

MUMBAI, India, Aug. 1, 2024 -- Q1 FY25 Quarter Performance: Core AUM (VF + HFC) at ₹ 8,718 crore, up 54% YOY from ₹ 5,669 in Q1FY24Robust demand for used CV: VF AUM at ₹ 6,323 crore, up 13%, QOQ and 61% YOYAffordable Home Finance AUM at ₹ 2,395 crore, up 38% YOY from Q1 FY24Q1 FY25 Highlights (Consolidated): AUM at ₹ 9,565 crore, up 9% from ₹ 8,763 crore in Q4 FY24 and up 19% YOY from Q1 FY24Core AUM (CV + HFC) ~ ₹ 8,718 crore (91% of total), up 11% from ~ ₹ 7,864 crore in Q4FY24, up 54% YOYCore Disbursements (CV + HFC) of ₹ 1,618 crore, up 74% YOY from ₹ 945 crore in Q1 FY24Debt/Equity Ratio at 2.3x for Q1 FY25Gross Stage 3 assets at 4.19% for Q1 FY25Net Stage 3 assets are at 2.08% for Q1 FY25

Wednesday, 31 July 2024 4 Min Read

Chandigarh University Becomes India's First University to Partner with PwC for Collaborative MBA in Applied Finance; aims to equip students with Real-World Applications

This collaboration is another step towards changing the business education landscape, by providing global exposure to Chandigarh University students, says Chandigarh University Chancellor Satnam Singh Sandhu CHANDIGARH, India, July 31, 2024 -- Chandigarh University has become the first Indian university to start a collaborative Master of Business Administration (MBA) program in Applied Finance with PricewaterhouseCoopers (PwC), leading financial advisory firm at the global level, to provide aspiring business students real world business exposure and perspective.

Tuesday, 30 July 2024 2 Min Read

DIFC continues to drive the future of finance with outstanding H1 2024 results

DUBAI, UAE, July 30, 2024 -- The Dubai International Financial Centre (DIFC), the leading global financial centre in MEASA region, announced outstanding results for the first half of 2024. Coinciding with its 20th anniversary, the results reinforce DIFC's growing role in driving the future of finance, and Dubai's position as a top global ecosystem for innovation and business growth. The number of active registered companies in DIFC exceeded 6,000 for the first time, representing 24 per cent growth. A total of 820 new companies also joined DIFC in the first six months. Reflecting the Centre's focus on FinTech and Innovation, firms in these sectors grew by 33 per cent year-on-year. DIFC companies continue to attract talent from across the world and created 4,647 new jobs during the last 12 months. The total workforce now stands at 43,787.

Monday, 29 July 2024 2 Min Read

NIIT IFBI Announces ACE Banker Program in Collaboration with HDFC Bank

NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT, today announced the launch of the “ACE Banker Program” in collaboration with HDFC Bank, India’s largest privat

Friday, 26 July 2024 4 Min Read

WSPN and Canza Finance Partner to Revolutionize Financial Services in Africa and Emerging Markets

TORTOLA, British Virgin Islands, July 26, 2024 -- WSPN, a leading global digital payments company, is thrilled to announce its strategic collaboration with Canza Finance, a pioneering financial technology company focused on Africa. This partnership aims to accelerate the adoption of Real-World Assets (RWA) and Decentralized Finance (DeFi) solutions across Africa and other emerging market regions. The collaboration between WSPN and Canza Finance marks a significant milestone in the journey toward financial inclusion and the freedom of finance in underserved markets especially in the African Continent. By leveraging WSPN's cutting-edge digital payment solutions and Canza Finance's deep understanding of the African financial landscape, the partnership aims to provide innovative financial solutions that are accessible, secure, and efficient.

Thursday, 25 July 2024 3 Min Read

NIIT Limited Triumphs at The Economic Times’ 3rd ETHRWorld Future Skills Awards 2024

NIIT Limited, a leading global skill and talent development corporation, has been honored with prestigious awards at The Economic Times’ 3rd ETHRWorld Future Skills event held in Gurugram recently.

Thursday, 25 July 2024 4 Min Read

CredAble Partners with Finastra to Provide a Holistic Supply Chain Finance Offering to Banks Globally

CredAble's Working Capital Finance Platform, integrated with Finastra Trade Innovation, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences MUMBAI, India, July 24, 2024 -- CredAble, a working capital technology platform, today announced its partnership with Finastra, a global provider of financial software applications and marketplaces, to expand the functionality of Finastra Trade Innovation. CredAble's feature-rich platform is now integrated with the solution, providing new and existing customers with a comprehensive supply chain finance offering. As a result, banks can increase their revenue growth, accelerate business expansion and customer satisfaction by offering corporates a wider range of financial services within a single platform.

Wednesday, 24 July 2024 3 Min Read

Brazil, at G20-COP28 event, joins Global Climate Finance Framework to align climate investment and drive socio-economic development

RIO DE JANEIRO, July 25, 2024 -- At a joint G20-COP28 event on sustainable finance, Brazil today endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework, launched by key world leaders at COP28, building momentum towards the Framework's goal of developing a new climate finance architecture that unlocks the investment opportunity of climate action. The endorsement from Brazil, which will also host COP30 in 2025, provides a vital link between the agendas of the COP Presidencies and the G20, to make sustainable finance more available, accessible and affordable.

Tuesday, 23 July 2024 3 Min Read

Finastra partners with CredAble to deliver a holistic supply chain finance offering to banks globally

Finastra Trade Innovation, integrated with CredAble's supply chain finance platform, enables banks to grow their trade and supply chain finance business and deliver enhanced customer experiences LONDON, July 23, 2024 -- Finastra, a global provider of financial software applications and marketplaces, today announced its partnership with CredAble, a working capital finance platform, to expand the functionality of Finastra Trade Innovation. CredAble's feature-rich platform is now integrated with the solution, providing new and existing customers with a comprehensive supply chain finance offering. As a result, banks can accelerate their revenue growth, expand their business and increase customer satisfaction by offering corporates a wider range of financial services within a single platform.

Thursday, 18 July 2024 4 Min Read

ICCOA Honoured to be Invited to the Pre-Budget Consultations with the Union Finance Ministry, Govt of India

ICCOA-(International Competence Centre for Organic Agriculture) was among the s

Thursday, 04 July 2024 2 Min Read

Muthoot Housing Finance Company Limited Receives Great Place To Work Certification Second Time in a Row

Muthoot Housing Finance Company Limited (MHFCL), the housing finance arm of 137-year-old business conglomerate Muthoot Pappachan Group (Muthoot Blue) seals its position as a Great Place To Work® with

Wednesday, 03 July 2024 3 Min Read

Groundbreaking Partnership: Cross-Chain Tokens, CKB Eco Fund, and Meson Finance Launch ccBTC with 1:1 Bitcoin Reserves on CKB Main Network

HONG KONG, July 3, 2024 -- Cross-Chain Tokens (ccTokens) has partnered with the Nervos CKB Eco Fund to launch ccBTC on the CKB main network, enhancing Bitcoin liquidity within the CKB ecosystem. Backed by a 1:1 Bitcoin reserve, ccBTC is managed by Cactus Custody, a subsidiary of Matrixport. Cactus Custody is a licensed trust company in Hong Kong that adheres to strict anti-money laundering and regulatory standards while providing digital custody solutions. Meson Finance, the official cross-chain bridge for the CKB Eco Fund, will enable seamless cross-chain circulation of ccBTC across major blockchains and BTC Layer2 networks. Meson Finance, a leading provider of cross-chain services, supports all major public chains and Layer2 networks and offers users access to assets like BTC, ETH, and stablecoins.

Wednesday, 03 July 2024 2 Min Read

Peach Tech and Orient Asset Management (Hong Kong) Limited Forge Strategic Partnership to Bridge Traditional Finance and Web3

HONG KONG, July 3, 2024 -- Peach Tech Limited ("Peach Tech") and Orient Asset Management (Hong Kong) Limited ("Orient HK") are delighted to announce a groundbreaking strategic partnership aimed at jointly advancing the innovation and integration of traditional financial institutions with the world of Web3 digital assets in Hong Kong. This game-changing collaboration will see Peach Tech providing top-tier advisory services and infrastructure for the tokenization of real-world assets managed by Orient HK, under the Peach Investment Fund (PIF) and Peach Investment Fund Token (PIFT). This strategic partnership marks a significant milestone for Peach Tech in transforming how traditional financial assets such as real estate can be managed and tokenized, paving the way for a more integrated and innovative financial ecosystem between TradFi & crypto in Asia.

Tuesday, 25 June 2024 3 Min Read

Sustainable Finance Specialists from 20 Asian Jurisdictions Gather at CASI Event in Hong Kong

HONG KONG, June 25, 2024 -- The Capacity-building Alliance of Sustainable Investment (CASI) successfully held its second in-person event in HK from June 24-25, to be followed by a field trip to Huzhou, a green finance pilot city in China. The event, themed "Empowering Sustainability and Prosperity in Asia: Innovative Financial Solutions for Connectivity and Transition," provided a platform to share best practices and promote sustainable finance among EMDEs. Over 300 participants from more than twenty jurisdictions attended.

Tuesday, 11 June 2024 4 Min Read

"The world is ripe with opportunities for the accounting and finance profession" says new CIMA President and Chair of the Association of International Certified Professional Accountants

LONDON, June 11, 2024 -- The Chartered Institute of Management Accountants (CIMA) announced today that it has appointed finance transformation business leader, Simon Bittlestone, FCMA, CGMA, as 91st President of the Institute. He will also serve as 9th Chair of the Association of International Certified Professional Accountants (the Association), the world's largest accounting membership body of public and management accountants. Simon Bittlestone, FCMA, CGMA, CIMA President and Chair of the Association of International Certified Professional Accountants, representing AICPA & CIMA, said:

Friday, 07 June 2024 4 Min Read

Boost Resilience, Reshaping Smarter Finance Together

SHENZHEN, China, June 7, 2024 -- Huawei HiFS Frontier Forum 2024 commenced in Shenzhen. The forum, with the theme of Boost Resilience, Reshaping Smarter Finance Together, has brought together financial institutions and Huawei partners from around the world. They discussed how they can reshape resilience, agility, and intelligence through continuous technological innovation and ecosystem cooperation in the face of future uncertainties, and ultimately accelerate the digital and intelligent transformation of the financial industry.

Friday, 07 June 2024 3 Min Read

Agility & Resilience, Leading Finance Digital Infrastructure Innovation

SHENZHEN, China, June 7, 2024 -- International financial institutions and global partners gathered at the HiFS Frontier Forum 2024. Together they discussed how to use cloud, network, storage, and computing coordinated infrastructures to increase the resilience of financial systems and support financial service innovation while achieving zero downtime, zero wait, zero touch, and zero trust. 1 Agility & Resilience, Leading Digital Infrastructure Innovation David Shi, Vice President of ICT Marketing and Solution Sales, Huawei, believes that Huawei is committed to being the most trustworthy partner for finance industry. Moving forward, Huawei will continue to delve into the finance industry and build resilient infrastructures as a solid foundation for digital and intelligent transformation.

Tuesday, 04 June 2024 3 Min Read

Web3 salaries surpass traditional finance by up to 128%, according to Request Finance research

PARIS, June 4, 2024 -- Web3 Finance Club, in partnership with Request Finance, has shared the findings of a survey carried out with nearly 900 web3 finance professionals. This comprehensive report provides insights into the compensation trends within the Web3 financial sector, offering important data for finance professionals to benchmark compensation within their organizations, and better understand if they are being paid what they deserve. Based on data from Web3 professionals worldwide, key findings include:

Monday, 03 June 2024 3 Min Read

Zilliqa Integrates with Fireblocks to Expand Access for Institutional Finance

SINGAPORE, June 3, 2024 -- Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is delighted to announce its integration with Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations. This integration enables Fireblocks customers to securely store ZIL tokens in their Fireblocks Vault and conduct transactions on the Fireblocks Network, an enterprise-grade digital asset transfer platform for rapid digital asset transactions and dynamic payment workflows, facilitating the transfer of digital assets and tokens on Zilliqa amongst enterprise customers.

Wednesday, 29 May 2024 3 Min Read

Aperture Finance Secures Series A Funding at a $250M Fully Diluted Valuation to Build Intent-based Architecture for DeFi

$APTR native platform token set for release on May 31, 2024 MOUNTAIN VIEW, Calif., May 29, 2024 -- Aperture Finance, a decentralized finance (DeFi) platform pioneering AI-powered intents, has raised a Series A funding round, bringing the total across all rounds to $12 million and valuing the project at $250 million. The round was led by top-tier venture capital firms including Skyland Ventures, Blockchain Founders Fund, and Krypital Group, with participation from notable investors like Alchemy, SNZ, Stratified Capital, Tide, Cipholio, ViaBTC, CatcherVC, and Double Peak. Previous rounds included participation from ParaFi Capital, Arrington Capital, Divergence, Blockchain Founders Fund, Laser Digital (Nomura Group), Skyland Ventures, Costanoa, Rarestone, Krypital Group, Big Brain Holdings, LD Capital, ViaBTC, Cipholio, Double Peak, Athena Ventures, Coinseeker, Artemis Capital, and AWS.

Friday, 24 May 2024 3 Min Read

Bybit Web3 Announces Upcoming IDO for Aperture Finance, Simplifying Web3 Finance

DUBAI, UAE, May 24, 2024 -- Bybit Web3, the Web3 division of Bybit - one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Aperture Finance ($APTR) on its Web3 platform. "Bybit Web3 is thrilled to be partnering with Aperture Finance to bring their innovative IDO to our platform," said Emily Bao, Bybit Web3 Evangelist. "Aperture Finance's AI-powered solutions have the potential to revolutionize DeFi by simplifying complex transactions and making Web3 finance more accessible to a wider audience. We believe this IDO will be a great opportunity for our users to get involved in this groundbreaking project early on."

Thursday, 23 May 2024 5 Min Read

IIFL Home Finance becomes India's leading affordable housing finance company with AUM crossing ₹ 35,000 crores and PAT increasing by 32% YoY

Key Business and Financial Metrics Home Loans contribute to 77.29 % of the Total AUM totalling to over ₹ 27,400 crAverage Ticket Size (ATS) for all loans stood at ₹ 14.26 lac. ATS for Home Loan is ₹ 15.28 lac, and ₹ 4.93 lac for Shakthi Loan (low ticket size loan against property) Disbursement Volume increased from ₹ 10,061 cr in FY23 to ₹12861 in FY24 witnessing 28% growth YoYActive Customer Base Increased from 202885 in FY23 to 281514 in FY24Over 80% of the home loan customers comprises of Women borrowers and co-borrowers as on March 31st, 2024Close to 400 branches in 17 statesROA stood at 4.4% in FY24 as compared to 3.9% in FY23Healthy ROE of 16.9% in FY24 with capital adequacy ratio of 42.7%Yield on AUM stood at 12.6% in FY24 as compared to11.8% in FY23NIMs further expanded to a healthy 7.3% in FY24 from 6.5% in FY23

Tuesday, 21 May 2024 2 Min Read

Registrations Open for Admission to IIFT's MA (Economics- Specialization in Trade & Finance) and Ph.D. (Economics) Programme Full-time & Part-time

NEW DELHI, May 21, 2024 -- The Indian Institute of Foreign Trade (IIFT), premier 'B-School' in the country, was established in 1963 under the Ministry of Commerce & Industry, Govt. of India to contribute in the skill building for the external trade sector of India. The Institute was granted "Deemed to be University" status in 2002. The Institute was granted the prestigious AACSB Accreditation in 2021. With this the IIFT figures amongst the top 900+ Business Schools of the world which have earned this accreditation. In 2023, the institute was graded A+ by National Assessment and Accreditation Council (NAAC).

Monday, 13 May 2024 2 Min Read

Newgen Recognized in the Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions 2023 Report

Newgen's platform for Trade Finance, designed by industry experts, emerges as a game changer for banks NOIDA, India, May 13, 2024 -- Newgen Software, a global provider of a low-code platform for end-to-end automation at scale, announced that it has been named in the Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions, 2023 report. Gartner describes global banking cash management and trade finance solutions as "capabilities that support end-to-end business and product processes, a consistent operating model, and client services in the corporate treasury and working capital domains." The report will help bank CIOs gain insights into the vendor solutions available in the market.

Monday, 29 April 2024 2 Min Read

Poonawalla Fincorp Reports Highest Ever Yearly PAT of Rs. 1027 Crore in FY24, Jumps 83% YoY

The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, today announced its audited financial results for the quar

Friday, 26 April 2024 5 Min Read

Former NABARD Chairman Dr. Govinda Rajulu Chintala Joins IIFL Samasta Finance as Chairman of Board

IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent

Friday, 26 April 2024 8 Min Read

West India Leads in Term Insurance Uptake; 1 in 3 opt for Term Plans to Safeguard Future Finances: Max Life's IPQ 6.0

Key Findings of the Max Life IPQ 6.0 Survey West India elevates financial stability with a 4-Point jump in Protection Quotient – highest across zones 1 out of 3 in urban West India have invested in a term plan driving financial security levels to nearly 60 pointsMumbai ranks #1 in Financial Protection Quotient amongst Metros, on the back of 100% awareness of life insurance solutions6 in 10 in Mumbai now own Term Insurance, a substantial rise from previous editionsNEW DELHI, April 26, 2024 -- Max Life Insurance Company Ltd. ("Max Life"/ "Company") today unveiled the West zone findings of the sixth edition of its flagship survey, the India Protection Quotient (IPQ)* study, conducted in partnership with KANTAR, the world's leading marketing data and analytics company. Tapping 4,700 respondents across 25 Indian cities, this widely-inclusive survey uncovers urban India's pulse on financial protection.

Thursday, 25 April 2024 2 Min Read

HDFC Life and Peerless Financial Products Distribution Ltd. (PFPDL) Enter into a Corporate Agency Tie-Up

HDFC Life, one of India’s leading insurers, and Peerless Financial Products Distribution Ltd. (PFPDL) have entered into a corporate agency tie-up. This partnership would enable PFPDL to distribute l

Wednesday, 24 April 2024 3 Min Read

Clayfin Technologies and Jana Small Finance Bank Honored with Prestigious IBSi Digital Banking Award 2024

BANGALORE, India, April 24, 2024 -- Clayfin Technologies, a leading provider of innovative Digital Customer Experience solutions for Banks and Financial institutions, and Jana Small Finance Bank, one of India's leading small finance bank in India, proudly announced their partnership's recognition as 'Regional Winners: Asia' at the IBSi Digital Banking Awards 2024. Their exceptional collaboration was honoured for the innovative 'Omnichannel Digital Banking Solution for Retail and Corporate Customers'.

Tuesday, 23 April 2024 3 Min Read

Brickwork Ratings diversifies its Board with Santosh B Nayar as Chairman

Brickwork Ratings (BWR) has diversified and broadened its Board with additional Independent Directors having expertise in banking, ratings, law, information technology and corporate business. The Boar

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